Gold is expected to remain bearish today

Technical Views - Commodities 12th Sep 2011

  

MCX GOLD1
TREND : 28020 was taken out on Friday, But our trading strategy of taking both Buy and Sell signals paid off and we could make our share of profits in both the directions. Our analysis for today remains the same. We are still bearish on Gold and will take small positions on buy signals and big positions on Sell signals.     

Support and Resistance - 28015 / 28320
SIGNAL : Use buy and sell signals of TDI BS

MCX SILVER1
TREND : Silver has turned bearish as compared to Gold,  

Support and Resistance - 64500 - 65400

SIGNAL : Use buy and sell signals of TDI BS for both long and short

MCX Crude1
TREND : Super Duper profits in Crude on Friday Sell signals. We do not expect another big move today. Our advise will be to trade both buy and sell signals for small fixed profit tragets.
Support and Resistance - 3980 / 4100
SIGNAL : Use buy and sell signals of TDI BS for both long and short

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